(NASDAQ:TLF) shares saw heavy trading volume with 21K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 116.05% over the normal average daily volume.
Traders are more bearish on the company if you take into consideration the motion in short interest. The firm recorded a rise in short interest of 20.41% between September 29, 2017 and October 13, 2017. Short shares increased 2,449 over that period. The days to cover decreased to 3.0 and the short interest percentage is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (TLF). Manufacturers Life Insurance Company, The augmented its holdings by buying 66 shares an increase of 10.0% in the quarter. Manufacturers Life Insurance Company, The owns 724 shares worth $6,000. The value of the position overall is up by 20.0%. As of quarter end Bridgeway Capital Management Inc had acquired 1,600 shares growing its position 1.5%. The value of the investment in Tandy Leather Fctry increased from $861,000 to $949,000 a change of $88,000 since the last quarter.
Beddow Capital Management Inc downsized its position by shedding 2,872 shares a decrease of 0.6% as of 06/30/2017. Beddow Capital Management Inc now holds 492,520 shares with a value of $4,383,000. The total value of its holdings increased 7.9%. Blackrock Inc. trimmed its ownership by selling 15,452 shares a decrease of 93.8%. Blackrock Inc. now controls 1,022 shares valued at $9,000. The total value of its holdings decreased 93.3%.
The company is so far trading unchanged since yesterday’s close of 7.40. The most current P/E ratio is 14.14 and the market value is 68.60M. As of the last earnings report the EPS was $0.52 with 9.27M shares outstanding.
Tandy Leather Factory, Inc., launched on April 26, 1994, is a retailer and a wholesale distributor of a range of leather and related products. The Business’s products include leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also manufactures leather lacing and some of its do-it-yourself kits. The Company operates through three segments: Wholesale Leathercraft, Retail Leathercraft and International Leathercraft. The Wholesale Leathercraft segment consists of a chain of wholesale stores operating under the name, The Leather Factory, located in North America. The Retail Leathercraft segment consists of a chain of retail stores operating under the name, Tandy Leather Company, located in North America. The International Leathercraft segment sells to both wholesale and retail customers. The Company has stores located in the United Kingdom, Australia and Spain..